Quarterly Analysis

Champagne Indage: Good results. India’s largest and oldest wine Company announced 40% increase in sales and 35% rise in net profit. Crisis and alcohol are inseparable. I am a strict teetotaller but as an investor, I prefer these companies. Company is expecting 75% top line growth in the next quarter. Company is on expansion mode in recent days despite credit crisis.

CMP: 146; P/E: 5.4; Book value: 177.

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